Letter of Credit is a document that serves as a guarantee to the seller on the occasion of the buyer’s failure to make a payment. It is mostly used in international trade, where parties being unaware of each other personally involve a third party, that is, the bank to issue a Letter of Credit that gives a guarantee to the seller concerning his payment. Read More
RELAXATION ON LEVY OF ADDITIONAL FEES IN FILING OF E-FORMS FOR THE FINANCIAL YEAR ENDED ON 31.03.2021.
The MCA has issued a circular on 29th October 2021, which provide for the relaxation of additional fees on annual filing forms. Read More
The legislation aims to bring the Act in consonance with the growing trend in business. The Act made the appointment of women directors mandatory in the Board of Directors, Read More
The concept of corporate veil was introduced to protect the shareholders from being personally liable for the debts or obligations of a company. Read More
If a company fails to change its name in accordance with the direction issued under section 16(1) of the Companies Act within a period of three months, Read More
It is assumed that the ID’s are independent of any kind of interest. But in reality, the ID’s are not that independent as they are thought to be. Read More
Personal Guarantee of Director, Promoter, Chairman – Covered under Insolvency Proceedings under Insolvency Proceeding Code ?
LALIT KUMAR JAIN V. UNION OF INDIA The normal banking practice involves application procedure alongwith with a guarantor for granting. Read More
Q 1. What do u mean by DIN in company law? As per section 153 of the companies act, Every Individual intending to be appointed as Read More
Q 1. What is a Charge? A charge is security given for securing loss or Debenture by way of mortgage on the assets of the company. Read More